We were talking about free cash flow and it was -$73M, not +1,000M. From CC transcript:
In Q1 cash flow from operations was $744 million and free cash flow was negative $73 million. We had several factors impacting our operating and free cash flow in Q1, remember Q1 is typically the lowest cash flow quarter for HP and we did expect this to be true again in fiscal 2015.
Given the updated earnings outlook for currency and the introduction of cash related separation activities we are updating our fiscal 2015 free cash flow outlook to be approximately $3.5 billion to $4 billion.
3% per quarter? It works out to the same as 3% a year or 3% over her 5 year recovery plan. And if 3% is too low to protect or grow, she needs to invest more, not just status quo.
At lest 50% of the 99% own their modest homes with substantial mortgage. Either you had misread the article or the author was bonkers.
That Meg's 5 year recovery plan were (CEO since September 22, 2011):
55K layoffs as of 1Q2015 and likely more to come
write off $11b (more or less) in goodwill
sold assets like WebOS, Palm and Cupertino campus to Apple
shrank both top and bottom lines continuously
follow Leo Potsticker's spin off plan in year 4
raise dividends in year 5
LOL! The $8.5b was FY2014 and the divi increase is going forward FY2015. AND the free cash flow is has not been so free with the debt load, recurring restructuring (layoff) charges, spin-off fees/charges and shrinking top/ bottom lines trend.
Good enough for better days ahead for job seekers. The latest 4-week Moving Average - Level of 302.25 K is still historic lows all the way back to year 2000 and in % to population, all the way back to the Carter years.
Search for and peruse :
United States Initial Jobless Claims 1967-2015
your posts remind me of why my 2014 new year resolution was to limit my message board comments ... discussion sometimes herein is like arguing religion with fanatics.
How's consistent weekly jobless new claims below 300K and consistent monthly job creations above 200K?
And despite of a wall of obstructionists doing nuthin but to block his initiatives, America is the best growing economy in the world other than China; lowest unemployment rate in developed countries; oil/gas production up the roof and the poorest Americans are making highest wages with healthcare in its history.
You can take them to the bank.
She is just too old and too slow to lead ... she belongs to some old folks retirement home. Romney is aware of his limitation as he is as old as Hillary and not putting himself inside the White House pressure cooker.
when was the last time the fed's econ model was dead on? Even the broken clock proved its worth twice daily.
1,467 students admitted to Class of 2019
Admission rate increases from 7.7 to 8.0 percent, a first at MIT since 2003
By Jennifer Switzer
March 19, 2015
MIT offered admission to 1,467 students out of the 18,306 who applied to be members of the class of 2019, making this year’s admission rate 8.0 percent. This is an increase from last year’s 7.7 percent and marks the first time the rate has gone up since 2003’s admissions cycle, when 16.4 percent of applicants were admitted.
Although the target class size increased from 1,050 to 1,100, according to Dean of Admissions Stuart Schmill, slightly fewer students applied than last year, when the admissions office received 18,356 applicants. According to the MIT Common Data set, the number of applicants had been increasing fairly steadily before this year.
Washington — Workers in 21 states will see the minimum wage rise in 2015, which means that, for the first time, more than half of US states will be above the federal minimum.
(And Walmart, TX-Max, Ikea, Target, Gap, In-N-Out, REI, Whole Foods, Trader Joe, Starbux ... have made the change in all the states they operate in.)
The wage hikes are a sign of growing momentum for nationwide efforts backed by labor unions to help the economy’s bottom-rung workers. The moves also represent an expanding set of experiments in what happens to the job market when minimum pay is set at various levels.
Base-level wages will range in 2015 from the federal minimum of $7.25 an hour to $9.47 an hour in Washington State. (In certain cities, it could be higher: Seattle and San Francisco passed increases that will eventually climb to $15 an hour, while Chicago workers will see their minimum wage rise to $13 an hour by 2019.)
Recommended: 10 companies that pay higher than minimum wage
The White House estimates that 7 million workers will see their pay rise due to minimum wage changes enacted since 2013.
He had showed little respect for our POTUS, VPs, Secretary of the States, be it Clinton, Bush 2 or Obama. But he has been happy to take the few $b is foreign aids each year.
New strategy to stop sales decline?
Hewlett-Packard declares $0.176 dividend
Hewlett-Packard (NYSE:HPQ) announces it intention to increase dividend by 10% to $0.176/share in May, resulting in annual yield of 2.13%.
Initial Jobless Claims
Initial Jobless Claims: +1K to 291K vs. 293K consensus, 290K prior (289K prior).
Continuing Claims -11K to 2.42M.
Nearly 40 percent of Wal-Mart workers to get pay raises
Associated Press via Yahoo! Finance Feb 19 05:43am
Raising the floor: Walmart, Ikea and Gap lift wages for their lowest-paid workers ... Related: Walmart workers protest over minimum wage in 15 US cities
Target plans to raise the minimum wage it pays employees to $9 an hour starting next month, Bloomberg reports, citing a source “with knowledge of the
Some economists not owned by Wall Street had been sounding the alarm for the past decade. e.g.:
LBO The Buyout of America Hedge Fund
JOSH KOSMAN, author, "The Buyout of America": Two of the four biggest record companies are owned by private equity firms, EMI and Warner Music. They both have a lot of debt. EMI's close to bankruptcy.
PAUL SOLMAN: Because it was purchased, says Kosman, with too much borrowed money, as was Clear Channel.
JOSH KOSMAN: They own over 1,000 radio stations [Editor's note: According to SEC documents, Clear Channel owned 894 radio stations in the U.S. at the end of 2009.] and they own a million billboards throughout the world. They are very much struggling.
PAUL SOLMAN: As is another private equity acquisition just around the corner.
JOSH KOSMAN: On 42nd Street, we see AMC Theaters, the biggest movie theater chain in the country. It's struggling with too much debt.
PAUL SOLMAN: Private equity haunts many a street in New York, including 57th, home to some of the biggest P.E. firms. And they certainly are private, says Kosman.
JOSH KOSMAN: Apollo Management, run by Leon Black, as well as Silver Lake Partners. There is not even a directory in this building. Here is where these guys bring limited partners, pension funds to close the deal to collect money from them.
PAUL SOLMAN: And the pitch is: Give us your money. We will then use that to buy a company, not putting too much of it down. We will borrow the rest. We will spiff up the company. It will be more profitable. We will sell it to other investors. We will all make out.
JOSH KOSMAN: Yes. Most of the country's pensions are severely underfunded. They need to find ways to increase their rate of return, especially right now, with interest rates near basically zero. So, they get attractive by this pitch.
PAUL SOLMAN: The problem, says Kosman, is that what private equity firms borrow, the companies they buy have to pay back. And, in the last decade, private equity has bought a huge chunk of corporate America.
JOSH KOSMAN: Since 2000, they have bought companies that employ one out of every 10 Americans in the private sector. That's about 10 million people.
PAUL SOLMAN: And many P.E.-owned, debt-ridden firms are now hurting for cash.
JOSH KOSMAN: The Boston Consulting Group last year predicted half of their companies would default. Let's say the companies that go bankrupt end up laying off a quarter of their people, a third. You know, you can easily get to more than a million people. That's a lot of people.
PAUL SOLMAN: In fact, says Kosman, half of the S&P-rated firms that went bankrupt last year, besides banks, that is, were private equity acquisitions, including Chrysler, Simmons, Six Flags, and "Reader's Digest," where retirees, including executives, had their pensions slashed by a debt-driven bankruptcy.
Ken Gordon was president.